BLOG STARTUPS, VENTURE AND THE TECH BUSINESS
May 14 2009
by Thanasis Delistathis
- Tagged under
- Entrepreneurs
- Startups
- Tips
Tip No 3: Send the deck, not the business plan or the one-pager
We get dozens of proposals for investment every month. The time to screen those is limited so entrepreneurs need to make that easy.
The first screen for VCs is: Is this a business that is a good fit for our fund and that I should pay attention to?
Sending the business plan requires a larger investment of time on the VCs part. The plan is important for diving in deeper, not as an initial informational vehicle.
At the same time, the one-pager doesn’t usually contain enough information. Send the deck! A powerpoint presentation makes it efficient to screen and understand the business.
Should be about 20 pages and tell the story well.
